Back
18 Apr 2014
AUD/USD under pressure below 0.9333 broken support
FXStreet (Bali) - AUD/USD is pressing against the US session lows at 0.9321 amid low buying interest as participation to engage in the market fades ahead of the long weekend.
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "The hourly chart shows RSI still heading lower, while momentum recovers some below its midline; price stands below a bearish 20 SMA while price pressures the lows, which at the end seems pretty bearish for the pair."
In a higher time frame (4 hours chart), Bednarik says that "technical readings present a clear bearish tone, supporting the shorter term one and pointing for a possible test of key 0.9260 support."
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "The hourly chart shows RSI still heading lower, while momentum recovers some below its midline; price stands below a bearish 20 SMA while price pressures the lows, which at the end seems pretty bearish for the pair."
In a higher time frame (4 hours chart), Bednarik says that "technical readings present a clear bearish tone, supporting the shorter term one and pointing for a possible test of key 0.9260 support."